-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Iok5QhZBDdNDyZ1WDiUT0rooHst3XvMTivT25HkENg2d0pYka2nS/azWGUxcIHU6 Z7K3tmQpn6PaSzoUGY7wwg== 0000902664-10-000762.txt : 20100216 0000902664-10-000762.hdr.sgml : 20100215 20100216122107 ACCESSION NUMBER: 0000902664-10-000762 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ENDICOTT MANAGEMENT CO CENTRAL INDEX KEY: 0001165248 IRS NUMBER: 133890457 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 237 PARK AVE. STREET 2: SUITE 801 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128083767 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON BANKING CO CENTRAL INDEX KEY: 0001058690 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 911725825 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-58627 FILM NUMBER: 10604139 BUSINESS ADDRESS: STREET 1: 450 SW BAYSHORE DR CITY: OAK HARBOR STATE: WA ZIP: 98277 BUSINESS PHONE: 3606793121 MAIL ADDRESS: STREET 1: 450 SW BAYSHORE DR CITY: OAK HARBOR STATE: WA ZIP: 98277 SC 13G 1 p10-0395sc13g.txt WASHINGTON BANKING COMPANY SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- SCHEDULE 13G (Rule 13d-102) ---------------- INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Washington Banking Company (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 937303105 (CUSIP Number) November 24, 2009 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) - ----------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 937303105 13G Page 2 of 14 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Endicott Opportunity Partners II, L.P. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 270,000 SHARES --------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY --------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 270,000 REPORTING --------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 270,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.76% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ CUSIP No. 937303105 13G Page 3 of 14 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Endicott Opportunity Partners III, L.P. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 631,600 SHARES --------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY --------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 631,600 REPORTING --------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 631,600 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.13% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ CUSIP No. 937303105 13G Page 4 of 14 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON W.R. Endicott III, L.L.C. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 631,600 SHARES --------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY --------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 631,600 REPORTING --------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 631,600 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.13% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ CUSIP No. 937303105 13G Page 5 of 14 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON W.R. Endicott IIp, L.L.C. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 270,000 SHARES --------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY --------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 270,000 REPORTING --------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 270,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.76% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ CUSIP No. 937303105 13G Page 6 of 14 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wayne K. Goldstein (in the capacity described herein) - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 901,600 OWNED BY --------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 901,600 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 901,600 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.89% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ CUSIP No. 937303105 13G Page 7 of 14 Pages - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert I. Usdan (in the capacity described herein) - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 901,600 OWNED BY --------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 901,600 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 901,600 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.89% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ CUSIP No. 937303105 13G Page 8 of 14 Pages ITEM 1(a). NAME OF ISSUER: Washington Banking Company ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 450 SW Bayshore Drive, Oak Harbor, WA 98277 ITEM 2(a). NAME OF PERSON FILING: (i) Endicott Opportunity Partners II, L.P., a Delaware limited partnership ("EOP II"); (ii) Endicott Opportunity Partners III, L.P., a Delaware limited partnership ("EOP III"); (iii) W.R. Endicott IIp, L.L.C., a Delaware limited liability company ("WR LLC") and general partner of EOP II; (iv) W.R. Endicott III, L.L.C., a Delaware limited liability company ("WR III, LLC") and general partner of EOP III; (v) Wayne K. Goldstein ("Mr. Goldstein"), a Managing Member of WR III, LLC and WR LLC; and (vi) Robert I. Usdan ("Mr. Usdan"), a Managing Member of WR III, LLC and WR LLC. ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE: The address of the principal business offices of each of: (i) EOP II; (ii) EOP III; (iii) WR III, LLC; (iv) WR LLC; (v) Mr. Goldstein; and (vi) Mr. Usdan is 360 Madison Ave., 21st Floor, NY, NY 10017. CUSIP No. 937303105 13G Page 9 of 14 Pages ITEM 2(c). CITIZENSHIP: EOP II - a Delaware limited partnership EOP III - a Delaware limited partnership WR LLC - a Delaware limited liability company WR III, LLC - a Delaware limited liability company Mr. Goldstein - United States Mr. Usdan - United States ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, no par value (the "Shares") ITEM 2(e). CUSIP NUMBER: 937303105 ITEM 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act, (b) [ ] Bank as defined in Section 3(a)(6) of the Act, (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act, (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G), (h) [ ] Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to 13d-1(c), check this box: [x] CUSIP No. 937303105 13G Page 10 of 14 Pages ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: ------------------------- EOP II may be deemed to beneficially own 270,000 Shares. EOP III may be deemed to beneficially own 631,600 Shares. WR LLC may be deemed to beneficially own 270,000 Shares as a result of its voting and dispositive power over the 270,000 Shares held by EOP II. WR III, LLC may be deemed to beneficially own 631,600 Shares as a result of its voting and dispositive power over the 631,600 Shares held by EOP III. Messrs. Goldstein and Usdan may each be deemed to beneficially own 901,600 Shares by virtue of their ultimate voting and dispositive power over: (i) the 270,000 Shares help by EOP II; and (ii) the 631,600 Shares held by EOP III. The above amounts of Shares beneficially owned did not change between (i) the date of the event which requires filing of this statement and (ii) December 31, 2009, and this statement is being made to satisfy both (a) the filing that was due with respect to that event and (b) the annual amendment obligations with respect to such Shares. (b) Percentage Beneficially Owned: ----------------------------- Based on calculations made in accordance with Rule 13d-3(d), and there being 15,297,946 Shares outstanding as of November 30, 2009, as disclosed in the form 8-K filed on November 30, 2009 and the form 10Q filed on November 6, 2009 for the quarterly period ended September 30, 2009: (i) EOP II may be deemed to beneficially own approximately 1.76% of the outstanding Shares; (ii) EOP III may be deemed to beneficially own approximately 4.13% of the outstanding Shares; (iii) WRD LLC may be deemed to beneficially own approximately 1.76% of the outstanding Shares; (iv) WR III LLC may be deemed to beneficially own approximately 4.13% of the outstanding Shares; (v) Mr. Goldstein may be deemed to beneficially own approximately 5.89% of the outstanding Shares; and (vi) Mr. Usdan may be deemed to beneficially own approximately 5.89% of the outstanding Shares. The above percentages of Shares beneficially owned did not change between (i) the date of the event which requires filing of this statement and (ii) December 31, 2009, and this statement is being made to satisfy both (a) the filing that was due with respect to that event and (b) the annual amendment obligations with respect to such Shares. CUSIP No. 937303105 13G Page 11 of 14 Pages (c) Number of Shares as to Which Such Person Has: -------------------------------------------- (i) EOP II may be deemed to have sole power to direct the voting and disposition of the 270,000 Shares it beneficially owns. EOP III may be deemed to have sole power to direct the voting and disposition of the 631,600 Shares it beneficially owns. WRD LLC may be deemed to have sole power to direct the voting and disposition of the 270,000 Shares it beneficially owns by virtue of the relationships described in Item 2. WR III, LLC may be deemed to have sole power to direct the voting and disposition of the 631,600 Shares it beneficially owns by virtue of the relationships described in Item 2. (ii) By virtue of the relationships between and among the Reporting Persons as described in Item 2, each of Messrs. Goldstein and Usdan, may be deemed to share the power to direct the voting and disposition of 901,600 Shares. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. The limited partners and the general partner of EOP II and EOP III have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held for the account of EOP II and EOP III in accordance with their ownership interests in such entities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. See Item 2. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. By signing below we certify that, to the best of our knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 937303105 13G Page 12 of 14 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 16, 2010 ENDICOTT OPPORTUNITY PARTNERS II, L.P. By: W.D. Endicott IIp, LLC, its general partner By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT OPPORTUNITY PARTNERS III, L.P. By: W.R. Endicott III, LLC, its general partner By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT IIp, LLC By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT III, LLC By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member /s/ WAYNE K. GOLDSTEIN ---------------------- Wayne K. Goldstein /s/ ROBERT I. USDAN ---------------------- Robert I. Usdan CUSIP No. 886374107 13G Page 13 of 14 Pages EXHIBIT INDEX Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. CUSIP No. 937303105 13G Page 14 of 14 Pages EXHIBIT 1 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate. Dated as of February 16, 2010 ENDICOTT OPPORTUNITY PARTNERS II, L.P. By: W.R. Endicott IIp, LLC, its general partner By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT OPPORTUNITY PARTNERS III, L.P. By: W.R. Endicott III, LLC, its general partner By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT IIp, LLC By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT III, LLC By: /s/ WAYNE K. GOLDSTEIN ---------------------- Name: Wayne K. Goldstein Title: Managing Member /s/ WAYNE K. GOLDSTEIN ---------------------- Wayne K. Goldstein /s/ ROBERT I. USDAN ---------------------- Robert I. Usdan -----END PRIVACY-ENHANCED MESSAGE-----